MarkNtel Advisors Releases Comprehensive Study on the India E-Rickshaw Market, Forecasting Strong Growth from 2024 to 2030
MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled “India E-Rickshaw Market Analysis, 2024–2030.”
This report provides a detailed assessment of the India E-Rickshaw Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
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India E-Rickshaw Market Timeline Overview
-Historical Years: 2019-22
-Base Years: 2023
-Forecast year - 2024-2030
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
India E-Rickshaw Market Outlook
According to the report, India E-Rickshaw Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30. The growth of the market was minimized due to the sudden dip in demand for public transportation owing to lockdowns & curfews during the pandemic. However, the automotive industry spotted a massive surge in demand for electric rickshaws in post-pandemic, aided by government policies, incentives, environmental concerns, and the availability of cost-friendly models suitable for commuting.
The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.
India E-Rickshaw Market Drivers:
Reasonable Prices Paired with the Constant Endorsement of Electric Vehicles by the Government - The beginning cost of an electric-rickshaw is INR0.6-1.1 lakhs, whereas the cost of ICE-based autorickshaw is INR1.5-3 lakhs, which is considered the major socio-economic benefit. Besides, the running and maintenance cost for such electric three-vehicle is lower per kilometer compared to ICE-based counterparts, thereby providing more employment opportunities to cycle-rickshaw drivers.
India E-Rickshaw Market Trends:
Emergence of E-Rickshaw as Eco-friendly & Last-mile Connectivity Alternative - The electric autos or three wheelers aid in alleviating air and noise pollution, and along with this, a significant amount of CO2 emissions can be mitigated daily by transitioning natural gas auto into e-rickshaws. According to the research on vehicular pollution published by the Energy and Resources Institute (TERI) in April 2018, the fleet of auto rickshaws operating in Bengaluru emits about 1200 tonnes of carbon dioxide per day, 4 tons of NOx, and 0.5 tons of PM10, totaling 0.44 million tonnes of carbon dioxide annually due to the auto-rickshaw industry. However, carbon emissions can be decreased by 0.11 million tonnes per year, PM10 emissions by 114.5 million tonnes annually, and NOx emissions by 37.6 million tonnes annually by switching to electric autos.
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India E-Rickshaw Market Segmentation
The study categorizes the India E-Rickshaw Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
By Type
- Passenger Carrier
- Load Carrier
By Battery
- Lead-Acid
- Lithium-Ion
By Battery Capacity
- Less than 100 Ah
- Greater than 100 Ah
By Transmission Mode
- Geared
- Gearless
Geographical Analysis
- North
- South
- West
- East
- North East
The report presents detailed insights into the India E-Rickshaw Market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
Talk to Our Industry Analyst: Get personalized insights into company strategies and regional market dynamics.) https://www.marknteladvisors.com/query/talk-to-our-consultant/india-e-rickshaw-market.html
Leading Companies in India E-Rickshaw Market Worldwide: Players, Analysis & Future Outlook
Terra Motors, Hero Electric, Kinetic Green Energy & Power Solutions, Lohia Auto Industries, ATUL Auto, Mahindra Electric, Gayam Motors, Vani Electric, and Saera Electric Auto are a few of the leading players in the India E-Rickshaw market.
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
- Growth Drivers & Challenges: Clear insights into factors fueling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/india-e-rickshaw-market.html
Frequently Asked Questions (FAQ)
- What is the projected growth rate of the India E-Rickshaw Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the India E-Rickshaw Market?
4. Who are the prominent players in the India E-Rickshaw Market?
5. How is the competition structured in this market?
6. How can I access the full report?
About us:
MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.
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MarkNtel Advisors
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Contact No: +91 8719999009
Email: [email protected]
Visit our Website: https://www.marknteladvisors.com
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